Princeton-based Advaxis Inc. announced Wednesday the pricing of a public offering of 4.08 million shares of common stock at $3.00 per share.
According to the announcement, the company expects to make $12.24 million in proceeds before deducting discounts, commissions and offering expenses.
Aegis Capital Corp. is acting as the sole bookrunning manager for the offering and Noble Financial Capital Markets is acting as a co-manager, the company said in a recent press release.
Net proceeds will help fund the company’s continued research and development, expand its product line and other general corporate purposes.
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